OREANDA-NEWS. August 25, 2011. OP Jindal Group firm Jindal SAW Ltd. on Friday reported a 44% fall in the net profit at Rs. 82.8 cr for the first quarter ended 30th June over the corresponding period last fiscal. The firm had posted a net profit of Rs.148.8 crore in the April-June quarter in FY11, Jindal SAW said in a statement.

The total income of the pipe maker in the first quarter in the current fiscal also decreased from Rs 1,144.9 crore, over Rs 1,137 crore for the same period in 2010-11, it said.

Out of the total sales of Jindal Saw, 48 per cent originated from India and the remaining 52 per cent came from outside India.

The pipe maker as on April, 2011 has a order book of approximately USD 800 million, slated to be executed by March-end next year.

"The company has participated in various bids and likely to get orders in phases. The current order book includes export orders of approximately 65 per cent. The major export orders are from Middle East, Gulf region and South East Asia, China and Far East," Jindal Saw said